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(a) These Directions shall be called the Reserve Bank of India (Relief Measures by Banks in Areas Affected by Natural Calamities) Directions, 2018. (b) These Directions shall come into effect on the day they are placed on the official website of the Reserve Bank of India.
(a) These Directions shall be called the Reserve Bank of India (Relief Measures by Banks in Areas Affected by Natural Calamities) Directions, 2018. (b) These Directions shall come into effect on the day they are placed on the official website of the Reserve Bank of India.
The packages containing the valuables should be bar coded so as to ensure correct inventorisation and tallying of packages at the time of handing over/taking over etc. The 'e-malkhana' system of Delhi Customs could be adopted by other formations.
Directions governing the functioning of CCPs are given in this circular for compliance. The CCPs shall continue to ensure compliance with the Principles for Financial Market Infrastructures (PFMI). It Contains Section A- Directions on Governance of domestic CCPs authorised to operate in India by the RBI, Section B –Directions on Networth requirements and Ownership of […]
INDIAN CUSTOMS- UNPRECEDENTED TAX REFORM- Enhanced Ease of Doing Business- Indian Customs has taken a series of measures to simplify Customs processes and procedures during the last few years.
Seeks to not to continue levy of anti-dumping duty on the import of Phthalic Anhydride, originating in or exported from Korea RP, Taiwan and Israel which was levied by rescind Notification No. 58/2012-Customs (ADD) dated 24th December, 2012. NOTIFICATION No. 52/2018-Customs (ADD) Dated: 15th October, 2018
Notification No. 86/2018-CUSTOMS (N.T.) In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001
Govt amends List of Persons Who are eligible to make deposit under Gold Monetisation Scheme. Resident Indians including Individuals, Hindu Undivided Families, Trusts including Mutual Funds or Exchange Traded Funds which are registered under the Securities and Exchange Board of India (Mutual Fund) Regulations, 1996,
CBIC amends Notification No. 24/2005 dated 1st March, 2005vide Notification No. 76/2018–Customs Dated; 11th October, 2018 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 76/2018 – Customs New Delhi, the 11th October, 2018 G.S.R. (E), In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of […]
CBIC seeking to amend Notification No. 57/2017 dated 30th June, 2017 vide Notification No. 75/2018–Customs Dated; 11th October, 2018
CBIC seeking to amend First Schedule of Customs Tariff Act, 1975 vide Notification No. 74/2018–Customs Dated; 11th October, 2018 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 74/2018–Customs New Delhi, the 11th October, 2018 G.S.R…..(E).- WHEREAS the Central Government on being satisfied that the import duty leviable on goods, falling under Chapter […]
Seeks to amend the notification No. 23/2103 dated the 10th October, 2013 to extend the levy of anti-dumping duty on the imports of 'Ductile Iron Pipes' originating in or exported from China PR vide Notification No. 51/2018-Customs (ADD) dated 9th October, 2018.
It has been noted that exporters had availed the option to take drawback at higher rate in place of IGST refund out of their own volition. Considering the fact that exporters have made aforesaid declaration while claiming the higher rate of drawback, it has been decided that it would not be justified allowing exporters to avail IGST refund after initially claiming the benefit of higher drawback.
RBI/2018-19/58 IDMD.CDD.No.822/14.04.050/2018-19 October 08, 2018 The Chairman & Managing Director All Scheduled Commercial Banks (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India ltd.(SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bond Scheme 2018-19, Operational Guidelines This has reference to the GoI notification F.No.4(22)-W&M/2018 and RBI circular IDMD.CDD.No. /14.04.050/2018-19 […]
Government of India has vide its Notification F.No. 4(22)-W&M/2018 dated October 08, 2018 announced Sovereign Gold Bond Scheme 2018-19. Under the scheme there will be a distinct series (starting from Series II) for every tranche which will be indicated on the Bond issued to the investor.
The banking system plays a vital role in the finance sector. Without the sound and efficient system of the bank will lead to a healthy economy. The Narasimhan committee introduced the concept of non- performing assets. And it is the best way for judging the status of the bank.
Electronic seals are seals only but with electronic add on (RFID) to detect security breach. Therefore, e-seals merit classification under the Heading 8309 which covers- Stoppers, caps and lids (including crown corks, screw caps and pouring stoppers), capsules for bottles, threaded bungs, bung covers, seals and other packing accessories, of base metal. As seals are specifically mentioned there, e-seals warrant classification under the tariff item 8309 90 30.
Reserve Bank of India today released a discussion paper on ‘Voluntary Retention Route’ (VRR) for investment by FPIs. Comments on the discussion paper are invited from market participants and other interested parties by October 19, 2018. Feedback on the discussion paper may be forwarded to: The Chief General Manager, Reserve Bank of India Financial Markets Regulation Department […]
GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 50/2018-Customs (ADD) New Delhi, the 5th October, 2018 G.S.R. (E). –Whereas, in the matter of ‘Nylon Filament Yarn (Multi Filament) (hereinafter referred to as the subject goods) falling under tariff heading 5402 of the First Schedule to the Customs Tariff Act, 1975 (51 of […]
The RBI in an unexpected move decided to keep the repo rate unchanged at 6.50%. The vote to stay on hold was advocated by five out of six members in the monetary policy Committee (MPC).
